The market sentiment is up (excluding OMSCO’S organic price)
Posted on: 01/10/21
The average stonexmilkprices.com net UKMFE return to producers, taking into account a processor margin and a 2ppl farm to processor haulage charge, has lifted to 31.36ppl. Forward prices for butter & smp together with weaker sterling pushed the average up by 0.47ppl bolstered particularly by January and February 2022 gains.
Meanwhile AHDB report spot trades are also continuing their upward trend and in the space of the past month bulk cream has gained 6% to average £1656 tonne, SMP gained 4.7% to average £2230 tonne and cheddar gained 2.3% to average £3070 tonne. Basically, wholesale prices for ALL dairy products lifted in September.
In addition, MCVE has increased by 3% to 34.43ppl (see table at the top of this bulletin)